Can I retire at age 64 with 579,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$47,813$47,387$46,972$46,566$46,170$44,338
2 years$23,670$23,229$22,802$22,388$21,986$20,163
3 years$15,623$15,180$14,754$14,344$13,949$12,192
4 years$11,601$11,159$10,737$10,334$9,948$8,272
5 years$9,188$8,749$8,333$7,938$7,563$5,970
6 years$7,580$7,144$6,734$6,348$5,984$4,476
7 years$6,431$6,000$5,596$5,219$4,867$3,443
8 years$5,571$5,143$4,746$4,378$4,037$2,697
9 years$4,902$4,478$4,088$3,729$3,400$2,141
10 years$4,367$3,947$3,564$3,214$2,897$1,716
11 years$3,929$3,514$3,137$2,798$2,491$1,387
12 years$3,565$3,154$2,784$2,454$2,159$1,127
13 years$3,257$2,850$2,488$2,166$1,883$921
14 years$2,993$2,591$2,235$1,923$1,650$755
15 years$2,765$2,367$2,018$1,715$1,453$621
16 years$2,565$2,171$1,830$1,536$1,284$512
17 years$2,389$2,000$1,665$1,380$1,139$423
18 years$2,233$1,848$1,520$1,243$1,013$350
19 years$2,093$1,713$1,391$1,124$902$290
20 years$1,968$1,591$1,277$1,018$806$240
21 years$1,854$1,482$1,175$924$721$200
22 years$1,751$1,384$1,082$840$647$166
23 years$1,658$1,294$999$765$580$138
24 years$1,572$1,212$924$697$522$115
25 years$1,493$1,138$856$637$469$95
26 years$1,420$1,069$794$582$423$79
27 years$1,353$1,006$737$533$381$66
28 years$1,290$948$685$488$344$55
29 years$1,233$895$638$448$311$46
30 years$1,179$845$594$411$281$38
31 years$1,128$799$554$378$254$32
32 years$1,081$756$517$347$230$27
33 years$1,037$716$483$319$208$22
34 years$995$678$451$294$188$18
35 years$956$643$422$270$170$15
36 years$920$611$394$249$154$13
37 years$885$580$369$229$140$11
38 years$852$551$346$211$127$9
39 years$821$524$324$195$115$7
40 years$792$499$304$180$104$6
41 years$764$475$285$166$95$5
42 years$737$452$267$153$86$4
43 years$712$431$251$141$78$4
44 years$688$411$235$130$71$3
45 years$665$392$221$120$64$3
46 years$643$374$207$111$58$2
47 years$622$356$195$103$53$2
48 years$603$340$183$95$48$1
49 years$584$325$172$88$44$1
50 years$565$310$162$81$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $579,000, adding $5,707 every year, while hoping to spend $28,267 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 40/31/29 Blend
63$579,000$579,000$579,000$579,000
64$643,945$613,258$604,283$664,002
65$679,551$613,232$594,451$679,105
66$717,842$612,257$583,342$692,399
67$759,062$610,257$570,883$706,249
68$803,477$607,151$556,999$720,722
69$851,384$602,853$541,610$735,898
70$903,104$597,272$524,634$751,863
71$958,994$590,311$505,982$768,718
72$1,019,443$581,868$485,564$786,574
73$1,084,881$571,834$463,285$805,556
74$1,155,779$560,095$439,045$825,805
75$1,232,656$546,527$412,742$847,480
76$1,316,084$531,003$384,265$870,756
77$1,406,688$513,386$353,501$895,833
78$1,505,159$493,531$320,332$922,931
79$1,612,256$471,285$284,635$952,300
80$1,728,815$446,487$246,279$984,215
81$1,855,754$418,965$205,129$1,018,986
82$1,994,085$388,538$161,045$1,056,957
83$2,144,921$355,015$113,879$1,098,513
84$2,309,486$318,194$63,477$1,144,082
85$2,489,129$277,861$9,679$1,194,141
86$2,685,334$233,790$0$1,249,221
87$2,899,735$185,743$0$1,324,680
88$3,134,130$133,467$0$1,410,564
89$3,390,500$76,695$0$1,504,658
90$3,671,026$15,148$0$1,607,832
91$3,978,108$0$0$1,721,048
92$4,314,391$0$0$1,862,928
93$4,682,785$0$0$2,024,092
94$5,086,499$0$0$2,200,786
95$5,529,062$0$0$2,394,566
96$6,014,364$0$0$2,607,144
97$6,546,690$0$0$2,840,407
98$7,130,756$0$0$3,096,435
99$7,771,761$0$0$3,377,516
100$8,475,430$0$0$3,686,172